AUSTIN, Texas, February 10, 2021 (GLOBE NEWSWIRE) – Bumble Inc. today announced the price of its initial public offering of 50,000,000 shares in its Class A ordinary share at a price to the public of $ 43.00 per share. Bumble gave the underwriters a thirty-day option to buy up to 7,500,000 Class A shares. The shares are expected to start trading on the Nasdaq Global Select Market on February 11, 2021 under the symbol “BMBL”.
Bumble intends to use the proceeds (minus deductions from underwriting) from the issuance of 9 million shares to repay a portion of its senior secured term loan facilities and for general corporate purposes, and to bear the cost of the offer. Bumble intends to use the proceeds (after deducting the underwriting discount) of the issue of 41 million shares (or 48.5 million shares if the underwriters exercise their full option to purchase additional Class A ordinary shares) to to buy or redeem an equal number of outstanding equity interests of certain entities affiliated with Blackstone. The offer is expected to close on February 16, 2021, subject to normal closing conditions.
Goldman Sachs & Co. LLC and Citigroup act as joint general managers and as representatives of the underwriters for the offer. Morgan Stanley and JP Morgan act as joint book managers for the offer. Jefferies, RBC Capital Markets and Evercore ISI act as joint book winners for the offer. Blackstone Capital Markets, BMO Capital Markets, Cowen, Raymond James, Stifel, BTIG, Nomura, SMBC Nikko, AmeriVet Securities, CL King & Associates, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co. , Inc., Siebert Williams Shank and Telsey Advisory Group act as co-managers for the offer.
The presentation of these securities is done only through a prospectus. If available, copies of the prospectus relating to the initial public offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, Phone: (866) -471-2526, Fax: 212-902-9316, Email: [email protected] ; of Citigroup Global Markets Inc., Attention: Prospectus Division, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Tel: (800) 831-9146.
A registration statement regarding these securities was submitted by the Securities and Exchange Commission and declared effective. This press release is not an offer to sell or the request to buy an offer, nor will there be any sale of these securities in any state or jurisdiction in which such offer, invitation or sale would be illegal prior to registration or qualification in terms of this the security laws of such a state or jurisdiction.
About Bumble
Bumble Inc. is the parent company of Badoo and Bumble, two of the world’s best revenue programs with millions of users worldwide. The Bumble platform enables people to connect and build fair and healthy relationships. The Bumble app, founded in 2014 by CEO Whitney Wolfe Herd, is one of the first dating apps built with women in the center, and the Badoo app, founded in 2006, is one of the pioneers of web and mobile dating products. Bumble currently has more than 600 employees in offices in Austin, Barcelona, London and Moscow.
Forward-looking statements
This press release contains forward-looking statements. Forward-looking statements contain all statements that are not historical facts. In some cases, you can identify these forward-looking statements by words such as “outlook”, “believe (s),” “expect (s),” “potential”, “continue (s),” “may,” “Will , “” must, “” could, “” would, “” seek (s), “” predict (s), “” of plan (s), “” trends, “” plan (s), “‘Estimate ( s) ‘,’ anticipate ‘,’ projection ‘,’ is likely to lead ‘and whether the negative version of these words or other similar words of a future or forward-looking nature. These forward-looking statements contain statements regarding the commencement of trading of Bumble’s Class A shares on the Nasdaq Global Select Market. Such forward-looking statements are subject to various risks and uncertainties. Consequently, there are or will be important factors that may lead to actual outcomes or results differing materially from those indicated in these statements. These factors include, but are not limited to, those described under ‘Risk Factors’ in Bumble’s initial publicity statement. These factors should not be considered as comprehensive and should be read in conjunction with the other warnings included in the registration statement. We undertake no obligation to publicly update or revise any forward-looking statement, whether due to new information, future developments or otherwise, except as required by law.
Source: Bumble Inc.
Investor Contact
investor relations
[email protected]
Media contact